Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,823, which is 92.89 % of all undergraduate students. 1,493 students which is 49.00% of undergraduate students received federal student loans and the average loan amount is $6,287.

For full-time, first-time beginning students (freshmen), 94.89% of students received grants or scholarships and 53% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at St Olaf College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,823, which is 92.89 % of all undergraduate students. 1,493 students which is 49.00% of undergraduate students received federal student loans and the average loan amount is $6,287.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,743 (88%)$23,953446 (14%)$4,2541,536 (49%)$6,449
2014-152,677 (88%)$25,056454 (15%)$4,2541,490 (49%)$6,346
2015-162,734 (90%)$26,678472 (15%)$4,3641,513 (50%)$6,256
2016-172,735 (90%)$27,986492 (16%)$4,3101,528 (50%)$6,409
2017-182,833 (93%)$30,281562 (19%)$4,5491,563 (51%)$6,386
2018-192,909 (95%)$32,250609 (20%)$4,6891,535 (50%)$6,263
2019-202,963 (96%)$34,342599 (19%)$4,6831,509 (49%)$6,260
2020-212,888 (98%)$35,893578 (20%)$4,9061,411 (48%)$6,108
2021-222,926 (98%)$38,296598 (20%)$4,9461,353 (45%)$6,107
Average2,823 (92.89%)$30,526534 (17.56%)$4,5511,493 (49.00%)$6,287
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 738 (94.89 % of students) received grants or scholarships and its average amount is $31,516. It can cover 55.32% of tuition & fees ($56,970).

In addition, 409 (52.67 % of students) students get helped from the students loans (average amount : $6,672).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14653 (87%)$23,841372 (49%)$6,542
2014-15684 (89%)$26,917434 (57%)$6,587
2015-16702 (92%)$27,346391 (51%)$6,944
2016-17776 (94%)$28,573464 (56%)$6,074
2017-18765 (97%)$31,436453 (58%)$6,488
2018-19788 (97%)$32,811434 (54%)$6,565
2019-20799 (99%)$35,042426 (53%)$6,638
2020-21727 (100%)$37,281362 (50%)$7,687
2021-22751 (99%)$40,399345 (46%)$6,527
Average738 (94.89%)$31,516409 (52.67%)$6,672
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 148 (19.00 % of students) received Pell (federal) grants and its average amount is $4,722.

In addition, 112 students received State/local government grants/scholarships (14.56 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14106 (14%)$4,25244 (6%)$2,91585 (11%)$4,146653 (87%)$22,415
2014-15145 (19%)$4,25445 (6%)$2,967107 (14%)$4,601683 (89%)$25,137
2015-16131 (17%)$4,36854 (7%)$2,82888 (12%)$4,936702 (92%)$25,695
2016-17138 (17%)$4,46555 (7%)$2,780105 (13%)$5,136775 (94%)$26,922
2017-18154 (20%)$4,64057 (7%)$2,620114 (15%)$5,804765 (97%)$29,442
2018-19165 (20%)$4,77565 (8%)$2,844136 (17%)$5,681788 (97%)$30,596
2019-20163 (20%)$4,732622 (77%)$729133 (17%)$5,682797 (99%)$32,645
2020-21163 (22%)$5,08766 (9%)$2,779127 (17%)$6,099727 (100%)$34,823
2021-22167 (22%)$5,92352 (7%)$2,610117 (15%)$6,169751 (99%)$37,940
Average148 (19.00%)$4,722118 (14.89%)$2,564112 (14.56%)$5,362738 (94.89%)$29,513
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 409 (52.67 % of students) get any students loan help and its average loan amount is $409.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14372 (49%)$6,542349 (46%)$5,18462 (8%)$10,073
2014-15434 (57%)$6,587398 (52%)$5,04389 (12%)$9,569
2015-16391 (51%)$6,944389 (51%)$4,81478 (10%)$10,804
2016-17464 (56%)$6,074423 (51%)$4,99275 (9%)$9,419
2017-18453 (58%)$6,488403 (51%)$5,09198 (12%)$9,052
2018-19434 (54%)$6,565395 (49%)$5,11185 (11%)$9,773
2019-20426 (53%)$6,638385 (48%)$5,08392 (11%)$9,464
2020-21362 (50%)$7,687354 (49%)$5,00667 (9%)$15,087
2021-22345 (46%)$6,527324 (43%)$5,00556 (7%)$11,257
Average409 (52.67%)$6,672380 (48.89%)$5,03778 (9.89%)$10,500

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